Oliver Ekman-Larsson and the Arizona Coyotes could be on the verge of a monster extension.

Craig Morgan of Arizona Sports reports the defenceman and the team are discussing an eight-year pact with an average annual value of more than $8 million per year.

The 26-year-old has one year remaining on a six-year, $33 million deal signed in 2013. He is eligible to sign an extension as of July 1.

Only two blueliners have annual salaries at $8 million or more - Brent Burns of the San Jose Sharks ($8 million AAV) and the Nashville Predators' P.K. Subban ($9 million AAV)

Taken with the sixth overall selection in the 2009 NHL Entry Draft, Ekman-Larsson just completed his eighth season in the NHL, all with the Coyotes.

He appeared in all 82 games in 2017-18, scoring 14 goals and adding 28 assists. He averaged 23:41 in ice time a night, leading his team in ice time and posting the 24th-highest mark in the NHL.

An all-star selection in 2015 and 2018, Ekman-Larsson has 102 goals and 188 assists in 576 career games.